Lichtenbaum to Speak at American Conference Institute’s 3rd Annual Forum

January 22-23, 2013

O’Melveny partner Greta Lichtenbaum (DC) will be participating at the American Conference Institute’s 3rd Annual Forum on AML & OFAC Compliance for the Insurance Industry: Avoiding Costly Sanctions and Ensuring Compliance in an Era of Heightened Scrutiny and Enhanced Regulatory and Enforcement Initiatives, to be held at The Carlton Hotel in New York City on January 22-23, 2013. She will be moderating a panel titled “Benefiting From Convergence: Streamlining Your AML, Fraud Prevention, OFAC, and FCPA Programs and Leveraging Existing Resources to Increase Efficiency and Reduce Costs,” on January 23, starting at 8 a.m. EST.

The panel will cover the following topics:

1. The convergence between money laundering and fraud

    • Achieving increased efficiency and cost-savings by coupling anti-money laundering and fraud prevention efforts
    • Education and training initiatives
    • Remediation

2. Benchmarking your programs against those of other companies

    • Learning from other companies’ successes and mistakes

3. FCPA considerations for insurance and reinsurance companies

4. Identifying opportunities to enhance efficiency

    • PEP screening
    • Leveraging information from your PEP screening process to satisfy both AML and FCPA compliance requirements

5. Outsourcing basic components of your AML, fraud prevention, OFAC, and FCPA programs in order to free up internal resources

6. Determining which processes and procedures are appropriate for outsourcing

    • Initial OFAC screening

7. Ensuring that outsourced program components are handled properly

    • Monitoring third parties

8. Identifying potential redundancies that can be eliminated

9. Striking the appropriate balance between increasing efficiency and maintaining the integrity of your AML, fraud prevention, OFAC, and FCPA programs

10. Streamlining your compliance programs without violating privacy laws

For more information or to register, please see the program brochure here.

New York City